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Ushering Technical Analysis into Academia

The Technical Analysis Educational Foundation (TAEF) was established in 1993 as a non-profit organization known as the Market Technicians Association Educational Foundation, renamed in 2018. The original mission of the then-MTAEF was to create and fund educational programs in the field of Technical Analysis. Throughout the years, this mission has expanded to include the creation and support of a complete Technical Analysis curriculum that is now being taught in colleges and universities for college credit.

Through the support of the financial community and dedication of countless volunteers, the TAEF continues to extend its reach into new colleges and universities around the world.

Julie Dahlquist, Ph.D., CMT

President

Julie Dahlquist is a senior lecturer in the Department of Finance at the University of Texas at San Antonio. She serves on the UTSA Executive-MBA faculty and is a frequent presenter at national and international conferences. Her research has appeared in Financial Analysts Journal, Managerial Finance, Applied Economics, Working Money, Financial Practices and Education, and the Journal of Financial Education. She serves on the editorial board of the Southwestern Business Administration Journal and as a reviewer for a number of journals, including the MTA’s Journal of Technical Analysis.

Julie graduated from Northeast Louisiana University, Louisiana, B.B.A. with major in economics, summa cum laude. She received her M.A. in theology from St. Mary’s University, San Antonio and her Ph.D. in economics from Texas A&M University.

Philip J. Roth, CMT

Vice President

Philip J. Roth, a Chartered Market Technician (CMT) was the Chief Technical Market Analyst at Miller Tabak + Co. from 2001 until April 2012. He was a Wall Street professional for 46 years, having been the chief market technician at Morgan Stanley, Dean Witter, Shearson Lehman, EF Hutton, and Loeb Rhodes. He is a three-time past President of the Market Technicians Association and a current director, and a former director of the New York Society of Security Analysts.

He is currently Vice President of the Technical Analysis Educational Foundation. He is an Adjunct Professor in the Graduate School of Business at Fordham University and at IE Business School in Madrid, Spain, and has lectured at Baruch, Pace, Columbia, Cornell, Georgia Tech, Howard, Ohio State, Pittsburgh, Rutgers, Seton Hall, Tulane, the University of Wisconsin, the University of Virginia, and the University of Richmond. Roth served as Interim Executive Director of the Market Technicians Association from September 2015 to January 2016.

Mehmet Gunay

Treasurer

Mehmet Gunay is a discretionary trader at SMB Capital, a proprietary trading firm in New York. He is a recent graduate of the Smeal College of Business at Penn State University where he co-founded a technical analysis club and was actively involved in the student trading community.

Mehmet previously served as the college liaison for the CMT Association where he was involved with organizing the College Colloquium series aimed at raising awareness for technical analysis at the collegiate level.

John Earl, Jr., CFA, CFP

Secretary

John Earl is Associate Professor of Finance and Chair of the Finance Department at the Robins School of Business; and past holder of the David Meade White Distinguished Teaching Fellow, University of Richmond, VA. John serves as a Student-Managed Investment Fund Advisor and board member.

Among the awards he has received: The Robins School of Business Distinguished Educator Award (2004-2005); Robins School of Business Dean’s “Unsung Hero” Award (2002) and the Robins School of Business Outstanding Teaching Award (2001)

John received his BBA and MSBA from the University of Massachusetts at Amherst and his PhD from Arizona State University.

J. Cody Tafel, CMT, CAIA

Past President

Cody Tafel, CMT, CAIA is a Senior Equity Trader for a multi-billion dollar Richmond, Virginia based registered investment advisor. He serves as President of the MTA Educational Foundation and has taught technical analysis in the Robins School of Business at the University of Richmond, as well as guest lectured at Penn State University and the University of Virginia.

Cody was previously the Director of Trading for Rapidan Capital LLC and also the head trader for Shockoe Capital Partners, a long/short equity hedge fund where he managed proprietary capital and began developing systematic trading programs.

Cody studied the Turtle Trading Method with an Original Turtle in 2005, and is a member of the Market Technicians Association and the Chartered Alternative Investment Analyst Association. He earned his CMT designation in 2007 and CAIA designation in 2013, and holds a BA in economics from the University of Virginia.

Richard Gula

Director

Richard Gula has an extensive background in securities analysis, including significant supervisory experience at several highly regarded investment management firms. He served in the late 1990s as the director of technical analysis at Fidelity Management and Research. In addition to developing quantitative and technical research methods, and integrating those approaches into the firm’s security selection process, Mr. Gula reported directly to Edward C. Johnson III, Fidelity’s chairman, concerning investment projects he managed.

Prior to working at Fidelity, Mr. Gula was the chief investment officer of BayBanks Investment Management, which managed $4 billion in assets for mutual funds, trusts, institutions and high-net-worth individuals. Mr. Gula’s professional background also includes senior positions at Batterymarch Financial Management and Putnam Funds, where he served as head of international equities and director of market analysis, respectively.

Mr. Gula graduated from Harvard University, with undergraduate and graduate degrees in psychology.

Craig Johnson, CFA, CMT

Director

Craig Johnson is a Managing Director and senior technical research strategist and directs Piper Jaffray’s technical research group. Johnson joined Piper Jaffray in 1995 as an analyst in the firm’s private client research department. He offers frequent technical commentary on the broader market and individual stocks. Johnson earned his B.S. degree with an emphasis in finance and marketing and his M.B.A. from Drake University. He holds the Chartered Financial Analyst and Chartered Market Technician designations and is an active member of the Twin Cities Society of Securities Analysts and co-chapter chair of the Minnesota Chapter Market Technician Association. He is also on the board of directors for the Market Technicians Association.

Lawrence Laterza

Director

Lawrence Laterza is President of LWL Consulting Services, an Adjunct Professor of Finance at Rutgers University Graduate School of Business, and a guest lecturer at Pace University, University of Maryland, Baruch College, Marist College, Indiana State University and the College of New Rochelle Graduate School. He is also a member of the Market Technicians Association (MTA) Educational Foundation Board.

Larry has thirty five years of experience on Wall Street in the futures industry providing consultative trading guidance across the major market sectors while servicing a diverse client base comprised of corporate risk managers, investment portfolio managers, and high net worth individuals. He combines technical analysis, intermarket relationship overlays, and fundamental research commentary to provide highly specific solutions to support clients in the formulation of risk management, portfolio allocation, and speculative trading strategies.

From 2000 to 2010 he was First Vice President at Prudential Bache Commodities, LLC. Prior to that time, from 1976 to 2000, Larry was Vice President – Futures Division at Merril Lynch. He is a graduate of St. John’s University where he majored in marketing and minored in economics.

Dave Lundgren, CMT, CFA

Director

As a technical analyst, David monitors global equities and equity indices, as well as fixed income, currency, and commodity markets. Although he regularly reviews traditional technical indicators, including oscillators, moving averages, money flows, sentiment gauges, and volatility, he relies primarily on a quantitative technical research process he personally developed based on trend, momentum, and relative strength. Prior to joining Wellington Management in 2007, David owned and operated Breakaway Research, Inc., an independent research firm which he launched in 2004.

Prior to launching Breakaway, David was a founding partner and senior Technical Analyst at Lyceum Capital Partners (2002 – 2004), a global equity hedge fund. Prior to that, he was a technical analyst at Fidelity Investments (1999 – 2002). In addition, David was a senior technical analyst at Thomson Global Markets, and proprietor of Lundgren Financial Services, which he launched to jointly publish a technical research product with Thomson Financial. David is a Chartered Financial Analyst (CFA), and a member of the CFA Institute and the Boston Security Analysts Society (BSAS). He is an Associate Member of the Market Technicians Association. He graduated with high honors from Babson College (1988), with a degree in finance and investments.

Kevin Moore, CFA, CMT

Director

Kevin Moore is an executive professor and the director of the Master of Science in Finance (MSF) program at Texas A&M’s Mays Business School in College Station, TX. The MSF designed for quantitative non-finance undergraduates that want to launch a finance-related career. Its tagline is “STEM to Stocks.”

In addition to technical analysis, he teaches trading and markets. Prior to this, he was an adjunct professor teaching technical analysis at the University of Maryland, College Park, MD.

Kevin is also the founder and portfolio manager of K.M. Moore & Co, LLC in Houston, TX. He has more than 25 years of professional experience including over 15 years in investment analysis. Mr. Moore began his career at Goldman Sachs in its information systems division. He then worked in management consulting at Booz-Allen & Hamilton and Deloitte & Touche. Subsequently, he held senior equity research analyst positions at Deutsche Bank, Alex. Brown, and Wachovia Securities.

Kevin holds a B.S in electrical engineering from the University of Pennsylvania and an MBA from the Wharton School. He served with the Maryland National Guard in Iraq during 2003.

Marnie Owen, CMT, CAIA, CFA

Director

Marnie Owen, CMT, CAIA, CFA, is the Global Head of Technical Analysis at IGM. She oversees technical research covering the foreign exchange, fixed income, commodity and equity markets.

Marnie also serves on the TAEF Board of Directors and the CMT Test and Curriculum Committee.

Before joining IGM in 2006, Marnie spent 11 years as an analyst and trader based in New York, London and Toronto at firms including Morgan Stanley, Merrill Lynch and Credit Suisse.

Marnie graduated on the Dean’s List with an MBA from Ivey Business School. She is a member of the American Association of Professional Technical Analysts, the Chartered Alternative Investment Analyst Association, CFA Institute, the Market Technicians Association, and the New York Society of Security Analysts.

Scott Richter, CFA, CMT, CHP

Director

Scott Richter, CFA, CMT, CHP is a senior portfolio manager for Westfield Group Insurance, which manages over $4B in AUM. He is the lead portfolio manager for alternative assets and is also responsible for investments in the energy and utility sectors. He was formerly the co-manager of Fifth Third Asset Management’s Large Cap Value Strategy. Prior to Fifth Third, he was a founding partner of Weber Fulton Felman Investment Counsel.

He is a graduate of the University of Rochester and Harvard’s Graduate School of Business. He has been a guest/contributor to CNBC, Fox Business, Bloomberg, Barrons,and Reuters.

He has been a member of the CMT Association since 2000 and a board member since 2013.

Brett Villaume, CMT, CAIA

Director

Brett is Senior Vice President and Director of Investor Relations at Opus Bank, a regional bank headquartered in Irvine, CA. Prior to this he was Vice President and Research Analyst with FIG Partners, a boutique broker/dealer specializing in Bank and Thrift equity investments. He has over 15 years of experience as a sell-side research analyst, working in both Technical and Fundamental analyst roles serving institutional clients. Brett believes strongly in the value of a combined fundamental and technical approach to market and stock analysis. His work emphasizes relative strength and inter-market relationships.

Brett has also served as Adjunct Professor of Technical Analysis at Golden Gate University’s Ageno School of Business, where he taught both on-campus and online classes as part of GGU’s graduate level Certificate Program in Technical Analysis.

He serves on the Board of Directors of the CMT Association and as co-Chair of the CMT Los Angeles Chapter. Brett also serves on the Board of Directors of the Technical Analysis Educational Foundation (TAEF) and as Treasurer of the Technical Securities Analysts Association of San Francisco (TSAA-SF).

Brett has achieved the designations of Chartered Market Technician (CMT) and Chartered Alternative Investment Analyst (CAIA). He received a bachelors degree in Economics from The University of Idaho.

Our focus is Education

The Technical Analysis Educational Foundation unites industry experts from around the global to develop comprehensive lectures, course outlines, and study materials designed for students new to technical analysis.

We recognize that much of the material available is either geared towards self-study or requires a fundamental understanding of concepts, and we put a great deal of effort into simplifying technical analysis in a way that a person with any level of expertise can easily grasp.

The TAEF Libary at Baruch College

The TAEF has a library of nearly 7,000 publications that constitute an important portion of the body of knowledge of technical analysis. Historical texts, journals, chart books, recordings, pictures, and market letters can be used for research and learning. Over 1,000 books are held for the CMT Association’s collection of cycles materials. The library preserves the past and can yield new insights when researchers, students, and academics examine its materials.

We thrive on the generosity of our supporters

The Technical Analysis Educational Foundation continues to penetrate new campuses across the country due to the overwhelming generosity of our supporters. Through highly anticipated fundraising events such as our Annual Analyst Auction and our Annual Fall Fundraiser, we’re able to marry the minds of industry experts to push Technical Analysis forward.

We greatly appreciate your generosity when choosing to donate to the TAEF. All donations are tax deductible!

TAEF Annual Fall Fundraiser

The TAEF is pleased to announce the return of our widely popular Annual Fall Fundraiser at the Yale Club in New York City (50 Vanderbilt Ave, New York, NY 10017). This year’s financial industry event will take place on October 15th, 2018 from 6:00pm to 9:00pm.

Moderated by Abigail Doolittle, this event will feature a panel discussion with Julie Dahlquist, David Keller, Dave Lundgren, and JC O’Hara. A formal cocktail reception will follow the panel event.

Julie Dahlquist, Ph.D., CMT

President

Julie Dahlquist is a senior lecturer in the Department of Finance at the University of Texas at San Antonio. She serves on the UTSA Executive-MBA faculty and is a frequent presenter at national and international conferences. Her research has appeared in Financial Analysts Journal, Managerial Finance, Applied Economics, Working Money, Financial Practices and Education, and the Journal of Financial Education. She serves on the editorial board of the Southwestern Business Administration Journal and as a reviewer for a number of journals, including the MTA’s Journal of Technical Analysis.

Julie graduated from Northeast Louisiana University, Louisiana, B.B.A. with major in economics, summa cum laude. She received her M.A. in theology from St. Mary’s University, San Antonio and her Ph.D. in economics from Texas A&M University.

David Keller, CMT

David Keller, CMT is the President of Sierra Alpha Research LLC, a boutique investment research firm focused on managing risk through market awareness. He combines the strengths of technical analysis, behavioral finance, and data visualization to identify investment opportunities and enrich relationships between advisors and clients.

David was previously a Managing Director of Research for Fidelity Investments in Boston, where he managed the Technical Research Department as well as the legendary Fidelity Chart Room. He also co-managed the Business Associate Program, a rotational program for recent undergraduates.

Past President of the Chartered Market Technician (CMT) Association, David currently serves as a Subject Matter Expert for Behavioral Finance. He is also a member of the American Association of Professional Technical Analysts and the International Federation of Technical Analysts. He has lectured on technical analysis and behavioral finance as an Adjunct Professor at the Brandeis University International Business School in Waltham, MA.

David was formerly a Technical Analysis Application Specialist with Bloomberg L.P. in New York, and was a regular contributor to Bloomberg Markets magazine. He is editor of the book “Breakthroughs in Technical Analysis: New Thinking from the World’s Top Minds”, published in August 2007 by Bloomberg Press.

David is a classically trained musician and student pilot, and resides in Avon, Ohio with his wife and two children. He received degrees in Music and Psychology from The Ohio State University.

Dave Lundgren, CMT, CFA

Director

As a technical analyst, David monitors global equities and equity indices, as well as fixed income, currency, and commodity markets. Although he regularly reviews traditional technical indicators, including oscillators, moving averages, money flows, sentiment gauges, and volatility, he relies primarily on a quantitative technical research process he personally developed based on trend, momentum, and relative strength. Prior to joining Wellington Management in 2007, David owned and operated Breakaway Research, Inc., an independent research firm which he launched in 2004.

Prior to launching Breakaway, David was a founding partner and senior Technical Analyst at Lyceum Capital Partners (2002 – 2004), a global equity hedge fund. Prior to that, he was a technical analyst at Fidelity Investments (1999 – 2002). In addition, David was a senior technical analyst at Thomson Global Markets, and proprietor of Lundgren Financial Services, which he launched to jointly publish a technical research product with Thomson Financial. David is a Chartered Financial Analyst (CFA), and a member of the CFA Institute and the Boston Security Analysts Society (BSAS). He is an Associate Member of the Market Technicians Association. He graduated with high honors from Babson College (1988), with a degree in finance and investments.

JC O’Hara

JC O’Hara, Executive Director and Chief Market Technician

Mr. O’Hara joined MKM Partners in May 2018 from FBN Securities where he worked as the Chief Market Technician for five years. Prior to that, he worked as a Chief Market Technician at Phoenix Partners Group for two years and at MF Global as a Technical Analyst for a year. He has held additional positions at Bloomberg and Neuberger Berman. Mr. O’Hara holds a Bachelor’s Degree in Economics from Rutgers University.

Mr. O’Hara provides clients with actionable technical commentary on U.S. and global equities, commodities, interest rates and currencies. Mr. O’Hara looks at the market on a global basis, taking into account inter-market relationships, sentiment and seasonality, in addition to traditional technical indicators based on price.

Analysis is made on all timeframes to suit the needs of short-term traders as well as traditional institutional investors. Technical research is provided at the index and sector level, working down to single stocks and names under fundamental coverage. Special emphasis is placed on finding precise entry and exit points to enhance returns while limiting risk.

Get in touch and get involved

Are you interested in volunteering with the Technical Analysis Educational Foundation? Do you want to bring technical analysis to your college or university? Or are you just interested in learning more about our mission?

The Technical Analysis Educational Foundation (TAEF) was established in 1993 as a non-profit organization known as the Market Technicians Association Educational Foundation, renamed in 2018. The original mission of the then-MTAEF was to create and fund educational programs in the field of Technical Analysis. Throughout the years, this mission has expanded to include the creation and support of a complete Technical Analysis curriculum that is now being taught in colleges and universities for college credit.

Through the support of the financial community and dedication of countless volunteers, the TAEF continues to extend its reach into new colleges and universities around the world.